Mon Dec 01 17:57:35 UTC 2025: Summary:

Baashyaam Group has finalized the acquisition of a 5.8-acre property on Haddows Road, Nungambakkam from Standard Chartered Bank for an estimated ₹1,212 crore. CBRE acted as the transaction advisor. The company is currently evaluating development options for the rare, large parcel of land. This acquisition adds to Baashyaam Group’s growing portfolio of high-end residential and commercial projects across Chennai.

News Article:

Baashyaam Group Seals Landmark Deal, Acquires Prime Nungambakkam Property for ₹1,212 Crore

CHENNAI, India – December 1, 2025 – In a significant real estate transaction, Baashyaam Group has officially acquired a 5.8-acre property on Haddows Road, Nungambakkam, from Standard Chartered Bank for an estimated ₹1,212 crore. The deal, finalized today, marks one of the largest land acquisitions in the city to date.

The prime property, located in a highly sought-after area where large land parcels are increasingly scarce, was brokered with CBRE serving as the transaction advisor. Baashyaam Group is currently assessing potential development plans for the site.

This acquisition further solidifies Baashyaam Group’s position as a leading developer of luxury residential and commercial projects in Chennai. The company already has a diverse portfolio of high-end projects across the city, including the upcoming luxury project in ECR-Prarthana, luxury apartments at the Crowne Plaza site in Alwarpet, The Peak in Ashok Nagar, The Pinnacle in Boat Club, The epic in Gopalapuram, Royal Damera Gardens in Poes Garden, and Promenade, enchanted at OMR Thuraipakkam, a commercial project in Guindy.

The finalized deal was reported by The Hindu e-paper, a leading Indian news publication, as part of its regular coverage on business and real estate developments in the region.

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